Press release

Used Car Transactions 2018 | Auto Trader's response

Comments from Nathan Coe, Chief Operating Officer and Chief Financial Officer

“Whilst the impact of the ongoing fuel debate, WLTP regulations, and Brexit anxieties were keenly felt in the new car market, the used car market, which although marginally down on 2017, has shown resilience. It highlights that despite the dent in consumer confidence, demand remains high as consumers continue to change their cars on average every 3.3 years, which is still in line with the car parc turn trends we have seen over the last 10 years.  

“The new car market may be turning its back on diesel, but there is still a healthy demand for the second-hand variant. Today whilst the UK car parc is still slightly more skewed to petrol, it’s not surprising to see that used diesels are selling at a similar rate to their petrol counterparts. And contrary to expectation, despite the decline in the new car market, far from sending the value of second-hand diesels plummeting, our data shows that used diesel prices are not only growing, but growing at a faster rate than petrol.

“It’s encouraging that the growing level of consumer appetite in new AFVs is starting to trickle through to the used car market, albeit growth is off a very small base. The trend in AFVs is being mirrored on our marketplace. For over a year fuel related searches attributed to AFVs remained flat at just 4%. However, between July and October 2018, searches grew to 7%. At the current trajectory we anticipate one in ten fuel related searches will be for a zero-emission car by the end of the year.”  

The 2016 @forduk Ka (petrol manual) tops our Fastest Selling Index, closely followed by the 2016 @Mazda_UK CX-5 (diesel manual) and 2016 Mazda CX-5 (diesel automatic) #usedcars #fastestsellingcar #fastestselling #retail #autoretail https://t.co/1yT545WiYg https://t.co/3jQvuxg1oW
We know your focus is making sales quickly and profitably. That’s why our focus is making sure you have the power to make it happen by winning car buyer trust, providing useful insights, and cost-saving tools. Find out how we’re bringing #morepowertoyou > https://t.co/dP58kssS6e https://t.co/w0UUwgolgu
Great to have @MarcThornboroug and @nchking in the studio today with our new host, Kate Neil, talking about this year's Auto Trader awards - if you missed it, catch up on-demand now! 📺> https://t.co/wYkUoiIrz0 https://t.co/eTnideeBKi
Great to have Marc and Nick in the studio today with new host, Kate Neil, talking about this year's Auto Trader awards - if you missed it, catch up on-demand now!📺> https://t.co/wYkUoiIrz0 https://t.co/bncWFpuJlT
Retail Check helps you identify the best stock for your area and price vehicles to the live market versus your competition. Powered by data from over 8 million daily advert views, Retail Check provides real-time insights that help you sell more cars. Visit https://t.co/V00nb9xbCW https://t.co/lAlkYRrd53
Last chance to join our live webinar TODAY at 11am to find out how you can win a highly coveted Auto Trader award this year > https://t.co/wYkUoiIrz0 Here's how @CedarSpecialist, winner of last year's Rising Star Award have made the most of their win! https://t.co/a5ScI4WxWS
Our unrivalled reach gets your adverts in front of more potential buyers than anyone else. Just one of the many ways we're bringing #morepowertoyou - find out more here > https://t.co/dP58kssS6e https://t.co/bsytlEybOW
The @MINIUK model with the biggest growth in consumer demand was the Clubman, up 29%. Are you able to capitalise on this demand? Know your market. #automotive #atinsight https://t.co/4dM8Wfa6nY
Award season is quickly approaching and we want to give you the best chance of winning an award this year. Find out how you can win and grow your reputation with car buyers! Join our webinar on 18th Feb at 11am. Register now: https://t.co/wYkUoiIrz0 #cardealer #awards
Business Leader of the Year goes to Mark Mitchell of @MitchellGroupUK. Well Done Mark from all the team @AutoTrader_UK #AMAwards2020 https://t.co/gKFQrUEj0L

Auto Trader Group plc
Registered in England (Company number: 09439967)

Auto Trader Limited
Registered in England and Wales (Company number: 03909628)

Registered address:

1 Tony Wilson Place
Manchester
M15 4FN
VAT number: GB 614 8918 20

Keep in touch

We use social media to speak to the UK’s largest car buying audience